Earnings Per Share |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Apr. 01, 2017 | |||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share |
Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
The 2016 information above has been adjusted to reflect the impact of the three-for-twenty Class B stock distribution to shareholders of record on October 11, 2016.
Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The number of common shares covered by out-of-the-money stock options at April 1, 2017 was approximately 474,000 shares.
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- References No definition available.
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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